JG Chemicals

₹241.5 1.1 | 0.5%

WEBSITE BSE:544138 NSE : JGCHEM 18 May, 12:50

Market Cap ₹946 Cr.

Stock P/E 35.0

P/B 2.4

Current Price ₹241.5

Book Value ₹ 101.7

Face Value 10

52W High ₹274.4

Dividend Yield 0%

52W Low ₹ 171

Edit Ratio

JG Chemicals Research see more...

Overview Inc. Year: 2001Industry: Chemicals

JG Chemicals Limited, part of the BDJ Group, is a leading manufacturer of Zinc Oxide in India. Established in 1975, the company has grown to become one of the top producers globally, with a production capacity of 60,000 MTPA of Zn chemicals. Promoted by the Jhunjhunwala family, who have been influential in various industries for over 90 years. They cater to over 300 customers worldwide, serving industries like rubber, ceramics, paints and coatings, pharmaceuticals, cosmetics, electronics, batteries, agro-chemicals, fertilizers, specialty chemicals, lubricants, oil and gas, and animal feed. JG Chemicals is known for its commitment to quality and innovation. Their R&D team works closely with customers to develop tailor-made products. The company has installed a dedicated production line at its Naidupeta plant to produce Zinc Oxide of various grades, meeting GMP requirements and catering to the pharmaceutical industry in particular.

JG Chemicals Share Price

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Peer Comparison

JG Chemicals Quarterly Results

#(Fig in Cr.)	Mar 2023	Mar 2024
Net Sales	194	181
Other Income	3	3
Total Income	198	184
Total Expenditure	179	164
Operating Profit	19	20
Interest	2	1
Depreciation	1	1
Exceptional Income / Expenses	0	0
Profit Before Tax	16	18
Provision for Tax	4	5
Profit After Tax	12	14
Adjustments	-0	-1
Profit After Adjustments	11	13
Adjusted Earnings Per Share	3.6	3.3

JG Chemicals Profit & Loss

#(Fig in Cr.)	Mar 2017	Mar 2018	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	250	339	399	435	613	785	375
Other Income	1	3	8	7	10	11	6
Total Income	251	343	408	442	623	796	382
Total Expenditure	229	296	380	393	556	710	343
Operating Profit	22	47	27	49	67	85	39
Interest	6	6	6	5	7	5	3
Depreciation	2	2	2	2	3	3	2
Exceptional Income / Expenses	0	0	0	0	0	0	0
Profit Before Tax	14	38	19	41	57	77	34
Provision for Tax	5	13	5	12	14	20	9
Profit After Tax	9	25	14	29	43	57	26
Adjustments	0	-2	-1	-5	-3	-2	-1
Profit After Adjustments	9	23	13	23	40	55	24
Adjusted Earnings Per Share	2.9	7.3	4.1	7.4	12.6	17.3	6.9

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	28%	25%	26%	0%
Operating Profit CAGR	27%	47%	31%	0%
PAT CAGR	33%	60%	45%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	NA%	NA%	NA%	NA%
ROE Average	32%	31%	35%	34%
ROCE Average	31%	30%	31%	30%

JG Chemicals Balance Sheet

#(Fig in Cr.)	Mar 2017	Mar 2018	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	31	54	85	108	153	208
Minority's Interest	0	2	5	11	4	6
Borrowings	14	8	6	5	6	7
Other Non-Current Liabilities	1	6	0	0	0	1
Total Current Liabilities	56	56	53	85	102	77
Total Liabilities	102	126	149	210	264	298
Fixed Assets	14	14	21	23	22	35
Other Non-Current Assets	1	2	10	11	18	6
Total Current Assets	87	110	119	176	224	256
Total Assets	102	126	149	210	264	298

JG Chemicals Cash Flow

#(Fig in Cr.)	Mar 2017	Mar 2018	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	1	0	1	1	5	6
Cash Flow from Operating Activities	-14	19	41	-7	7	31
Cash Flow from Investing Activities	-6	-2	-11	-6	-5	-5
Cash Flow from Financing Activities	18	-16	-30	17	-0	-29
Net Cash Inflow / Outflow	-1	1	-0	4	1	-2
Closing Cash & Cash Equivalent	0	1	1	5	6	4

JG Chemicals Ratios

#	Mar 2017	Mar 2018	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	2.91	7.27	4.08	7.39	12.61	17.32
CEPS(Rs)	3.43	8.58	4.99	9.82	14.44	18.99
DPS(Rs)	0	0	0	0	0	0
Book NAV/Share(Rs)	9.71	16.98	26.78	34.2	48.11	65.47
Core EBITDA Margin(%)	8.31	12.74	4.81	9.65	9.25	9.45
EBIT Margin(%)	8.04	13.13	6.4	10.69	10.49	10.46
Pre Tax Margin(%)	5.79	11.32	4.79	9.46	9.37	9.78
PAT Margin (%)	3.67	7.43	3.49	6.62	7.04	7.24
Cash Profit Margin (%)	4.35	8.02	3.96	7.15	7.47	7.68
ROA(%)	8.96	22.14	10.15	16.03	18.19	20.21
ROE(%)	29.77	59.59	20.1	29.78	33.03	31.53
ROCE(%)	21.63	44.86	21.03	29.05	29.93	31.28
Receivable days	53.02	48.06	47.07	58.59	54.96	48.94
Inventory Days	50.52	40.77	39.65	39.48	40.77	44.69
Payable days	5.26	5.56	4.36	5.38	4.6	3.94
PER(x)	0	0	0	0	0	0
Price/Book(x)	0	0	0	0	0	0
Dividend Yield(%)	0	0	0	0	0	0
EV/Net Sales(x)	0.25	0.15	0.13	0.16	0.14	0.12
EV/Core EBITDA(x)	2.9	1.12	1.93	1.44	1.3	1.14
Net Sales Growth(%)	0	35.75	17.67	8.99	40.78	28.03
EBIT Growth(%)	0	121.69	-42.65	82.01	38.12	27.66
PAT Growth(%)	0	175.12	-44.69	106.4	49.75	31.69
EPS Growth(%)	0	149.94	-43.84	80.9	70.68	37.34
Debt/Equity(x)	2.02	0.96	0.62	0.69	0.62	0.34
Current Ratio(x)	1.57	1.98	2.23	2.07	2.2	3.34
Quick Ratio(x)	0.95	1.24	1.38	1.49	1.33	1.99
Interest Cover(x)	3.57	7.25	3.96	8.73	9.42	15.33
Total Debt/Mcap(x)	0	0	0	0	0	0

JG Chemicals Shareholding Pattern

#	Mar 2024
Promoter	70.99
FII	6.22
DII	3.16
Public	19.62
Others	0
Total	100

#	Mar 2024
Promoter	2.78
FII	0.24
DII	0.12
Public	0.77
Others	0
Total	3.92

Pros

Company has delivered good profit growth of 44% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 31%
Debtor days have improved from 4.6 to 3.94days.
Company is almost debt free.

Cons

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.